2021 Appropriation Bill, 2020 (SB.523/HB.1069)

The bill seeks to authorize the issue of the total sum of ₦13,082,420,568,233 (Thirteen Trillion, Eighty-Two Billion, Four Hundred and Twenty Million, Five Hundred and Sixty-Eight Thousand, Two Hundred and Thirty-Three Naira) only from the Consolidated Revenue Fund of the Federation, of which:

  1. ₦484,488,471,273 (Four Hundred and Eighty-Four Billion, Four Hundred and Eighty-Eight Million, Four Hundred and Seventy-One Thousand, Two Hundred and Seventy-Three Naira) only, is for Statutory Transfers;
  2. ₦3,344,380,000,000 (Three Trillion, Three Hundred and Forty-Four Billion, Three Hundred and Eighty Million Naira) only, is for Debt Service;
  3. ₦5,649,872,137,888 (Five Trillion, Six Hundred and Forty-Nine Billion, Eight-Hundred and Seventy-Two Million, One Hundred and Thirty-Seven Thousand, Eight Hundred and Eighty-Eight Naira) only is for Recurrent (Non-Debt) Expenditure;
  4. ₦3,603,679,959,070 (Three Trillion, Six Hundred and Three Billion, Six Hundred and Seventy-Nine Million, Nine Hundred and Fifty-Nine Thousand and Seventy Naira) only is for contribution to the Development Fund for Capital Expenditure for the year ending on 31st December 2021.

The Bill went through the Third reading.